v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net income (loss) $ 1,365,000 $ (25,915,000)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 164,313,000 140,636,000
Depreciation for early lease purchase options (buyouts) 37,671,000 29,061,000
Depreciation for impaired leases 28,652,000 24,962,000
Change in fair value of derivative liability, warrants, and other (17,381,000) (256,000)
Stock-based compensation 3,693,000 5,759,000
Gain on extinguishment of term loan and settlement of derivative liability, net (5,120,000) 0
Amortization of debt discount 3,002,000 3,104,000
Amortization of debt issuance costs, net 2,410,000 220,000
Accrued PIK interest expense 3,291,000 1,440,000
Amortization of right-of-use assets 183,000 318,000
Changes in operating assets and liabilities:    
Property held for lease (236,014,000) (201,189,000)
Prepaid expenses and other current assets 2,288,000 (2,053,000)
Litigation insurance reimbursement receivable 0 5,000,000
Accounts payable 400,000 588,000
Accrued liabilities 129,000 (6,775,000)
Accrued litigation (695,000) (7,055,000)
Lease liabilities (180,000) (288,000)
Unearned revenues 60,000 (126,000)
Net cash provided by operating activities (11,933,000) (32,569,000)
Cash flows from investing activities:    
Purchases of property and equipment (34,000) (54,000)
Additions to capitalized software (1,147,000) (1,249,000)
Other assets and security deposits 76,000 0
Net cash used in investing activities (1,105,000) (1,303,000)
Cash flows from financing activities:    
Proceeds from New and Existing Revolving Facilities 21,968,000 34,421,000
Principal repayments on New and Existing Revolving Facilities (25,999,000) (12,406,000)
Repayment of term loan and repurchase of warrants (35,070,000) 0
Payments of issuance costs related to debt and preferred stock (5,347,000) 0
Repurchases of restricted stock (594,000) (613,000)
Proceeds from issuance of Convertible Preferred Stock and warrants 65,000,000 0
Proceeds from exercise of stock options 8,000 211,000
Net cash used in financing activities 19,966,000 21,613,000
Net increase (decrease) in cash, cash equivalents and restricted cash 6,928,000 (12,259,000)
Cash, cash equivalents and restricted cash at beginning of period 16,552,000 28,811,000
Cash, cash equivalents and restricted cash at end of period 23,480,000 16,552,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 11,693,000 13,709,000
Cash paid for income taxes 106,000 226,000
Cash paid for operating leases 275,000 359,000
Supplemental disclosure of non-cash investing and financing activities    
Issuance of warrants to purchase common stock in connection with debt refinancing 3,934,000 0
Issuance of common stock in connection with litigation settlements 1,505,000 1,756,000
Issuance of New Term Loan derivative liability in connection with debt refinancing 3,558,000 0
Debt issuance costs accrued but not yet paid 200,000 0
Extinguishment of Existing Term Loan $ 32,654,000 $ 0